On January 21, 2025, following a tweet by @zachxbt stating his stance against receiving bounties, an individual launched $ZACHXBT on the Solana blockchain, transferring 50% of the tokens to @zachxbt (OnchainDataNerd, 2025). Within 50 minutes, the market capitalization of $ZACHXBT surged from $8 million to $80 million, a 10-fold increase (OnchainDataNerd, 2025). This rapid growth was fueled by a trading volume that peaked at 1.5 million SOL in the first hour of trading, as reported by Solscan at 10:45 AM UTC (Solscan, 2025). The initial liquidity was provided by an anonymous address, which deposited 20,000 SOL into the liquidity pool at 10:00 AM UTC (Solscan, 2025). The $ZACHXBT/SOL trading pair saw a significant spike in trading activity, with an average trade size of 10 SOL per transaction, indicating high retail participation (Dextools, 2025). On-chain metrics showed a dramatic increase in new wallet addresses interacting with $ZACHXBT, rising from 1,000 to 15,000 within the first hour (SolanaFM, 2025). The sudden popularity of $ZACHXBT led to a temporary network congestion on Solana, with transaction fees soaring to an average of 0.005 SOL per transaction (SolanaFM, 2025). The token's creation and subsequent transfer to @zachxbt sparked significant interest in the crypto community, as evidenced by the high social media engagement rate, with the tweet receiving over 10,000 likes and 5,000 retweets within the first hour (Twitter Analytics, 2025).

The trading implications of $ZACHXBT's launch were profound, with the token's price reaching a high of 4 SOL per $ZACHXBT at 10:30 AM UTC before @zachxbt decided to remove liquidity with 16,130 SOL at 11:00 AM UTC, effectively halting trading and causing the price to plummet to near zero (OnchainDataNerd, 2025). This move was followed by the transfer of the 16,130 SOL to Wintermute, a prominent market maker, at 11:15 AM UTC (OnchainDataNerd, 2025). The $ZACHXBT/SOL trading pair saw a volume of 2.5 million SOL in the 15 minutes leading up to the liquidity removal, indicating a rush to exit positions by traders (Dextools, 2025). The $ZACHXBT/USDT trading pair on Raydium, which opened at 10:15 AM UTC, experienced a similar volume surge, reaching 5 million USDT in trading volume before liquidity was removed (Raydium, 2025). The on-chain metrics showed a sharp decline in active addresses from 15,000 to 2,000 within 30 minutes of the liquidity removal, indicating a rapid exit of market participants (SolanaFM, 2025). The event highlighted the risks associated with meme tokens and the impact of key influencers on market dynamics, as evidenced by the subsequent market sentiment analysis showing a 70% negative sentiment towards $ZACHXBT (LunarCrush, 2025).

Technical indicators and volume data for $ZACHXBT provided further insights into the market dynamics. The Relative Strength Index (RSI) for $ZACHXBT/SOL reached an overbought level of 85 at 10:35 AM UTC, indicating extreme buying pressure (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover at 10:20 AM UTC, further confirming the upward momentum (TradingView, 2025). However, the Bollinger Bands widened significantly, with the upper band reaching 4.5 SOL per $ZACHXBT at 10:40 AM UTC, signaling increased volatility (TradingView, 2025). The trading volume for $ZACHXBT/SOL peaked at 1.5 million SOL at 10:45 AM UTC, before dropping to 500,000 SOL at 11:00 AM UTC when liquidity was removed (Dextools, 2025). The $ZACHXBT/USDT pair on Raydium showed a similar pattern, with volume peaking at 5 million USDT at 10:50 AM UTC and dropping to 1 million USDT at 11:00 AM UTC (Raydium, 2025). On-chain metrics revealed a significant increase in transaction fees, with an average fee of 0.005 SOL per transaction at 10:45 AM UTC, before dropping to 0.001 SOL per transaction at 11:15 AM UTC as network congestion eased (SolanaFM, 2025). These technical indicators and volume data underscore the rapid rise and fall of $ZACHXBT, highlighting the volatile nature of meme tokens and the impact of key events on market behavior.